US Treasury yields soar after Khamenei's death in Iran attack
US Treasury yields shot up Monday after US-Israeli airstrikes in Iran killed Ayatollah Ali Khamenei.
The 10-year yield saw its biggest daily rise since June 2025, hitting 4.05%.
This means borrowing—like mortgages and loans—just got pricier, and the odds of a Fed rate cut in June have dropped to about 45%.
Oil prices spiked over 6%
The strikes targeted Iran's military infrastructure and leadership, with President Trump saying the operation could last weeks.
Oil prices spiked over 6%, raising worries about inflation as supply chains through the Strait of Hormuz face disruption.
Gold also climbed nearly 2% as investors looked for safer places to put their money during all this uncertainty.
Global markets are reacting to immediate conflict risks
Global markets are reacting to both immediate conflict risks and longer-term fears about higher costs for energy and goods.
For anyone thinking about big purchases or investments, it's a reminder that global events can quickly change what you pay—or earn—at home.